TCL partners Hyderabad-based Resojet for manufacturing; KTR says city would be India’s Shenzhen

HYDERABAD: Telangana Minister K T Rama Rao welcomed TCL Electronics Holding Limited to the State on Wednesday in partnership with homegrown company Resojet to establish a consumer electronics manufacturing facility.

Resojet, a Telangana-based startup, entered into a Memorandum of Understanding with TCL to form a joint venture in order to establish a cutting-edge consumer electronics manufacturing plant. The agreement was signed virtually in the presence of K T Rama Rao, Minister of Industries, ITE&C, and MA&UD.

TCL Electronics Holding Limited, headquartered in Hefei, China, is one of the world's major consumer electronics manufacturers. The proposed facility in Telangana would be TCL’s first overseas facility for manufacturing of washing machines, and would further expand to manufacturing of other consumer appliances, including refrigerators and dishwashers.

The upcoming Resojet’s facility would be set up in E-City, Raviryal and would entail an investment of Rs. 225 Cr with an employment generation potential of over 500 people in Phase 1.

Speaking on the occasion, Minister KTR said, “Telangana is proud to witness yet another milestone for our homegrown company Resojet as they further expand their operations in the State. We are delighted to welcome TCL to Telangana. This investment is a testament to the State’s efforts towards creating a conducive ecosystem for high technology manufacturing and reinforces Telangana’s position as a frontrunner in electronics manufacturing in India.”

KTR took the opportunity to share his vision for transforming Hyderabad as the Shenzhen of India and invited CEO of TCL Group Juan Du and the TCL team to visit Telangana and witness the enabling infrastructure and ecosystem in the State.

On the occasion, Raminder Singh Soin, Group Chairman of Resolute Group of Companies, said: “The proposed joint venture shall propel India’s electronics growth story and will further boost the electronics manufacturing ecosystem in Telangana State.”

Resojet CEO Gopal Krishna and Director Electronics of Telangana Government Sujai Karampuri were also present during the occasion.